Friday, April 15, 2016

Yahoo’s Suitors Uncover Few Financial Details - The New York Times

"As Yahoo prepares to accept first-round bids for its core Internet business on Monday, potential buyers have found themselves facing one big problem: How do you value a company with a declining business when the company appears reluctant to share vital financial details?

In meetings and phone calls with potential bidders, Yahoo executives have offered gloomy financial projections for the current year, but have refused to discuss the outlook for 2017 or answer questions about crucial aspects of the business. Some of the three dozen or so potential suitors have even questioned what is truly for sale."